Reference : R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric...
Scientific journals : Article
Business & economic sciences : Strategy & innovation
R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models
Hussinger, Katrin mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Journal of Applied Econometrics
John Wiley & Sons, Inc. - Business
Yes (verified by ORBilu)
United Kingdom
[en] Innovation ; Public R&D Subsidies ; Policy Evaluation ; Parametric and Semiparamteric Selection Models
[en] This paper analyzes the effect of public R&D subsidies on firms’ private R&D investment per employee and
new product sales in German manufacturing. Parametric and semiparametric two-step selection models are applied to this evaluation problem. The results show that the average treatment effect on the treated firms’ R&D intensity is positive. The estimated effects are robust with respect to the different selection models. Further results show that publicly induced R&D spending is as productive as private R&D investment in generating new product sales.

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